New Delhi: Indian food-tech Zomato became profitable for the first time since the inception of the company in 2008 after it reported around Rs 2 crore net profit. This was the first time when the company recorded positive profit after tax (PAT). The journey of food delivery service Zomato from 2008 to 2023 is no less than a milestone in India's startup ecosystem. 


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Deepinder Goyal's journey from a young entrepreneur with a vision to the founder of Zomato, a food technology giant in India, is a remarkable success story that continues to inspire aspiring business leaders across India.


Deepinder Goyal's Early Life And Studies


Born on January 5, 1983, in Muktsar, Punjab, India, Deepinder Goyal's entrepreneurial spirit began to emerge during his early years. After completing his education in mathematics and computing at the Indian Institute of Technology (IIT) Delhi, he embarked on a journey that would change the landscape of the food industry forever.


Deepinder's First Venture - Foodiebay


In 2008, Deepinder, along with his co-founder Pankaj Chaddah, launched Zomato (initially named Foodiebay) as a restaurant discovery and review platform. Their aim was to solve a common problem faced by diners—finding accurate information about restaurants, menus, and user reviews. Zomato quickly gained popularity in India and expanded its services globally, becoming a pioneer in the food tech sector.


Foodiebay Becomes Zomato To Offer Food Delivery


The key to Zomato's success lay in its commitment to user experience, reliability, and innovation. Under Deepinder's leadership, the company diversified its offerings beyond reviews and began offering online food ordering and delivery services, transforming it into a comprehensive food tech platform. Zomato's user-friendly interface, reliable delivery network, and data-driven insights made it a household name across various countries.


Market Gets Tought With Infusion Of Swiggy, Uber Eats


Despite facing challenges, such as intense competition and operational complexities, Deepinder's strategic decisions kept Zomato ahead of the curve. His ability to adapt to changing market dynamics, willingness to take risks, and passion for constant improvement played a pivotal role in the company's growth.


Deepinder Keeps To Company Afloat, Not Falter 


Deepinder Goyal's leadership style is marked by transparency, openness to feedback, and a focus on building a strong company culture. His emphasis on fostering a collaborative environment enabled Zomato to attract and retain top talent, further propelling its success.


Zomato Brings Its IPO In 2021


In 2021, Zomato achieved a significant milestone by going public with an initial public offering (IPO), marking one of India's most prominent tech IPOs. This achievement not only demonstrated Zomato's financial strength but also showcased Deepinder Goyal's ability to navigate the complexities of taking a startup to the public markets.


Today, Zomato is a global giant in the food technology industry, operating in numerous countries and serving millions of users. Deepinder Goyal's determination, innovative thinking, and unwavering commitment have transformed Zomato from a small startup into a multinational corporation, redefining how people experience and interact with food.


The success story of Deepinder Goyal and Zomato stands as a testament to the power of vision, dedication, and perseverance in building a world-changing business from the ground up.